Ceigall India JV secures ₹2,149.62 crore MoRTH contracts
after close1 source ↓written by the desknot a recommendation
- highway construction worth
- ₹2,149.62 crore
Ceigall India's joint venture has received four Letters of Acceptance from MoRTH for highway construction worth ₹2,149.62 crore. This contract represents nearly 39% of the company's market cap, enhancing long-term revenue visibility and offsetting recent negative sentiment from a local tender cancellation in Delhi.
The projects will be executed on an EPC basis along NH-913 in Arunachal Pradesh, marking a significant order book addition for the company.
Not investment advice. For informational purposes only.